Sep 8, 2012 3:00am EDT
that we have according to the united states treasury, clips the 16 trillion dollar debt level. >> everyone knew this number would come. neil: congressman, you're among those who say we shouldn't hide from the spending, but embrace it? >> well, depends what you talk about spending money on. >> long term investments, and sometimes when you build a house, a road, you do have to borrow to make investments. neil: are you disaappointmented we have not seen more bang for the buck? >> today, we eclipsed $16 trillion of debt under this president. >> after $5 trillion of new debt, our economy is struggling. neil: the wrap against the president is he has no problem spending. >> that's not the issue. look, austerity never got a country out of recession. >> do we love our country enough we'll invest at the same levels in education -- neil: we don't have money to inest; right? >> that's because, neil -- neil: this president is spending billions more, and it's your money, and it has not yielded results. >> here's what i say to that. if, in fact, you're creating jobs here, that's good. if you are spending
Sep 8, 2012 4:00am EDT
for -- israel, i am one of us recognizes there may have to be some alterations. but for the united states and the democratic party, the incumbent president to unilaterally make a determination that that is no longer the case, that jerusalem is not the capitol is coming to me, such a bad sign to the rest of the world and the arabs that it gave me great discomfort and real pause. >> and it's scary. nuclear bombs so close. you suggest israel may have to stand alone. what is the likelihood that the u.s., let alone the rest of the world steps up? >> don't think it will stand alone, but this was a political mistake, a substantial mistake, and something that i think the democrats wish they had back. lori: i wish i had more time. thank you. up next, bill clinton's speech. we go to the in-box. here to talk about his blockbuster 2016 obama's america .
Sep 8, 2012 12:00am EDT
consistency and the greatest growth engine in this united states is small business. melissa: yeah. >> it is small business. so what we need to do is to empower the small businesses so that they will --. melissa: feel confident, expand, hire people. they have to feel like demand out there. >> exactly. melissa: it is all interconnect the. i don't think we'll solve the problem tonight. let's talk about the market. we saw a rally yesterday on the ba of easy money out of europe. today came to the halt because of a jobs report. was that it? the rally we saw yesterday? >> i think we have more growth. long term i'm on his tick for long term. short term you will have the issues with the job market, with china, with the e! you. the -- e.u. next week. qe3 will happen and they're waiting to see, show me the money. melissa: you think there will do something next week? there is a big debate whether or not though wait until after the election. >> they move now it makes it look like we're in real trouble and the fed is take be action and maybe isn't a vote of confidence for the president? >> yeah